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Put the steps into the correct order to show what happens to a taxpayer's money Tax return filed Money withheld from paycheck Tax refund given?
When putting the steps of what happens to a taxpayerâ??s money, money is first withheld from the individualâ??s paycheck. The taxpayer then files their tax return and their tax refund, if one is owed, is given.
What happens when there is a tax reduction?
We keep more of the money we earned. When does this happen?
What happens to the money that your employer withholds from you paycheck?
Your employer sends it to the federal government to help your income tax bill
Who gets the tax money?
The government collects the tax money.
What is the tax based on the amount of money earned?
Income Tax is a tax based on the amount of money earned.
If the government uses tax money to pay for long term investments such as roads or other infrastructure what happens to the economy?
taxes decrease
What happens when income tax are increased?
firm and households have less money to spend . this leads to a fall in demand for goods and services. Clover
If the government uses tax money to pay for long-term investments such as roads or other infrastructure what happens to the economy?
investment increases
What is the purpose of conducting tax research?
TAX research? funded by tax money and distributed as GRANT money. to validate tax levels. what else
What happens to your tax money?
It goes to the police, construction workers, specific facilities or services, levied upon incomes, property, sales, etc.
Will the government tax a withdrawal of after tax money from 401?
No.
What does Maryland do to make money?
What every other state does, tax tax tax!
